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The Indian government has disbursed approximately Rs 4,415 crore under the Production-Linked Incentive (PLI) schemes for eight sectors, including electronics and pharmaceuticals, until October of the current fiscal year. The PLI schemes, launched in 2021, cover 14 sectors and have a total outlay of Rs 1.97 lakh crore. The disbursement of Rs 4,415 crore represents incentives for sectors like large-scale electronics manufacturing, IT hardware, bulk drugs, telecom, food processing, and drones. ....
Samsung is unlikely to get production-linked incentives (PLI) for smartphone manufacturing for the second year (fiscal 2022) of the scheme, after the South Korean electronics major failed to meet production targets, officials aware of the matter told ET. ....
“Launch of a pilot is the first step because there are challenges. While the technology is there, and it can be adopted, but in a device, you require a certain chip or attachment. To see how that adoption takes place, pilots will be required, Apurva Chandra, secretary, ministry of information & broadcasting, said. ....
The Ministry of Heavy Industries is overseeing the Rs 25,938 crore Production Linked Incentive (PLI) scheme for Automobile and Auto Components (PLI-AUTO Scheme). An official statement said results are coming as companies have commenced making investments and vehicle models are being approved for availing the scheme benefits. ....